The Pension Investment Sub-Committee met on Tuesday, 3 March 2026, to review investment performance and consider a presentation on pooled asset class solutions. The committee noted the quarterly pensions investment performance update and received a presentation from LGPS Central regarding pooled asset class solutions.

Pensions Investment Performance Update

The Sub-Committee reviewed the latest quarterly pensions investment performance information, which included a report from the Independent Advisor to the Fund, Philip Hebson. The committee also received an update on investment performance from LGPS Central. Following the review, the Sub-Committee resolved to note the quarterly pensions investment performance information, the associated Independent Advisor's Report, and the LGPS Central investment performance update.

Pooled Asset Class Solution Design Presentation: LGPS Central

The Sub-Committee received a presentation on the Pooled Asset Class Solution Design from Trevor Castledine and Richard Lunt of LGPS Central. Following the presentation, the Sub-Committee resolved to note the information provided. LGPS Central is an investment management company that pools assets for Local Government Pension Schemes (LGPS) across the UK, aiming to achieve economies of scale and improve investment outcomes. This initiative aligns with the broader trend within the LGPS to consolidate assets for greater efficiency and potential returns.